paul14
10 posts
msg #39414
- Ignore paul14 |
12/6/2005 4:26:26 PM
I stumbled across a nice site at http://www.nebadawn.com/
They have a scanning product called Ramp. The site contains some excellent insctuctional videos.
Basically, they look for trendline touches confirmed by positive MACD within bullish sectors. Buying near support provides a logical stop.
The way Ramp is set up requires multiple scans and I would think the process could be simplified and work well on Stockfetcher.
Combing the whole process into a single Stockfetcher scan is beyond my ability. Anyone interested in giving it a shot?
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EWZuber
1,373 posts
msg #39417
- Ignore EWZuber |
12/6/2005 6:31:29 PM
That is a basic part of the system I use with the exception that I use stochastics instead of MACD. MACD is a lagging indicator and too slow for this work if you want the best entry. Also I use multiple time frames to determine the probability that this is or is not going to be a viable position. I call it the Convergent Stochastic Theory. That is the most important part.
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paul14
10 posts
msg #39419
- Ignore paul14 |
12/6/2005 10:37:15 PM
EWZ, do you base your entry on STOCH divergence?
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EWZuber
1,373 posts
msg #39424
- Ignore EWZuber |
12/7/2005 5:56:13 AM
No,stochastic convergence.
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